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Markets fails to hold on to gains, Nifty closes mildly in red

NSE Nifty closed at 9,630 down by 3 points, whereas BSE Sensex closed higher by 7 points at 31,290.

BSE Mid-cap index closed lower by 0.59% at 14,763. BSE Small-cap index closed lower by 0.55% at 15,609. India VIX closed higher by 0.1% at 10.6 level.

There were 532 advances, 957 declines and 65 unchanged stocks on NSE reflecting negative undertone floating in the market.

Sun Pharmaceuticals Industries, Aurobindo Pharma and HDFC are the top Nifty gainers, whereas IOC, Lupin, Hindalco are the top Nifty losers.

BEML, Titagarh Wagons & Siemens gained on Thursday’s trade as Centre is focussing on the development of infrastructures and railway facilities in Rajasthan. BEML closed in positive territory gaining over 2% at Rs 1544.40 per share.

Infosys in the morning hours of Thursday’s trade was among the biggest contributors to the gains in Nifty and Sensex. In the afternoon hours, Infosys was the top Nifty gainer. At the closing hours Infosys ended in negative territory dragging the markets to sheds its morning gains. Infosys closed lower by 0.39% at Rs 940.30 per share on BSE on Thursday.

Indiabulls Real Estate extended its morning’s losses during Thursday’s trading session and hit an intraday low of Rs 174 per share. The stock closed lower by 9.76% at Rs 191.80 per share on BSE on Thursday.

Indiabulls Real Estate promoter group entity IBREL IBL Scheme Trust on Thursday sold 3.3 crore shares of the company for about Rs 662.83 crore through an open market transactions. The stock breached its lower circuit at Rs 180.70. It also witnessed a spurt in the volume by more than 18.73 times. It closed down 9.7% at Rs 191.80 per share on BSE.